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Category: Financial Conduct Authority

Extension Of Credit Holidays

The Financial Conduct Authority (FCA) has announced that it has issued instructions to credit providers to extend the ‘credit holidays’ to customers who are still experiencing repayment problems due to Covid-19. The measures outline the options that lenders will provide to credit card and other revolving credit (store card and catalogue credit) and personal loan…
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Update on Business Interruption Insurance Court Case – 19/06/2020

What the test case will decide: The result of the test case, brought by the Financial Conduct Authority (FCA), will be legally binding on the insurers that are parties to the test case in respect of the interpretation of the representative sample of policy wordings considered by the Court. It will also provide ‘persuasive guidance’…
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